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what is the best retirement ??
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JTK
my 4 boys!
Member since 6/06 7396 total posts
Name:
Kristi
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what is the best retirement ??
401 k? roth ira? something else? im looking to start something on my own to supplement what i already have
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Posted 1/28/08 9:40 PM  |
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Re: what is the best retirement ??
if your company matches on a 401K - take it - it's free money
If they match 50% - just think of it like an automatic 50% return on your investment! Even if they only match 25% - that's still damn good!
but ROTH IRA will give you more freedom about what to do with the money.
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| Posted 1/28/08 9:47 PM |
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JTK
my 4 boys!
Member since 6/06 7396 total posts
Name:
Kristi
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Re: what is the best retirement ??
my company does not match anything.. this will be something i am doing on my own
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| Posted 1/28/08 9:56 PM |
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LuckySV
LIF Adult
Member since 10/05 4675 total posts
Name:
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Re: what is the best retirement ??
DH's company doesn't match a/t either but he still contributes to his 403b. It reduces a bit of the tax burden which is nice. But he also contributes to a Roth IRA which is nice since it grows tax free. He also has a traditional IRA but he hasn't really contributed to it; he's just rolled old retirement plans into it.
Message edited 1/28/2008 10:08:40 PM.
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| Posted 1/28/08 10:08 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: what is the best retirement ??
all of the retirement savings vehicles are good. Anytime someone gives you money, well that's pretty good. Having your money grow tax deferred is pretty damn amazing too, since when you do take it out your tax bracket will be much lower than it is now.
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| Posted 1/28/08 10:14 PM |
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